(Please, if you like this content click on the ads. It will help us to maintain the website)
As I have said in the former post, copper mining industry is really concentrated in a few countries, but it is also interesting to see which are the enterprises who are doing business with this raw material.
It has been a hard work to find out the enterprises which are the larger copper producers , and I like to explain a bit about the methodology. I have managed the Annual Reports that listed companies provides to markets. This is a hard job because every enterprise structures the information in its own way. As an example, sometimes there is accurate information about every single copper mine, but other times companies only group copper mines geographically. Notwithstanding, in this case you can check the information, but the toughest work came when companies are not listed, so you have to look to several magazine interviews, web dubious information and all over these kind of uncertain information sources.
After these difficulties we get some interesting data to continue the study. First of all I think that it will be fine to see an overall vision about the most important copper mining companies. Here there is a graph in which you can see the companies’ share of 2013 market in copper production terms.
(Unknown company means that we have not studied the 45% of the copper production business) source: city-lines.com, based on enterprises public data
Here you can see the data of companies’ production we have obtained through the different reports I mentioned before:
|ENTERPRISES||COOPER MINED PRODUCTION 2013 (TONs)|
|Freeport-McMoRan Copper & Gold Inc. (FCX)||1.499.170|
|Jiangxi Copper Company||340.000|
|Mitsubishi-JX Nippon Mining&Metals||236.700|
|China Molybdenum Co Ltd’s, CMOC Mining Pty Limited||40.000|
- Other: mining production from mines listed in MINING AND NATURAL RESOURCES III: COPPER MINING PRODUCTION LEADERS post and that we haven’t been able to know its owner through public information studied
** Unknown: mining production that haven’t been studied
Despite of the production done by “Unknown” (for this study) companies you can see how the ten biggest mining companies control the 50% of the production market, which means that copper production is ruled by not to many people in not many countries. The state of the market causes different situations between countries and nations that depend in the economical-political regulation of each country as I wanted to explain in forthcoming posts.